Hilton food group plc, the leading specialist international food packing business, announces its results for the 52 weeks to 29 December 2024.
In 2024, we achieved further volume growth, delivering strong results through sustainable growth.
This business has strong foundations. Our long-standing customer relationships, global scale, and product and technology expertise have enabled us to make continued strategic progress – even in another year marked by ongoing political and economic uncertainties.
During the year, investments delivered through our automation programme have strengthened our long-term operational resilience, unlocked capacity and positioned us well to deliver on future growth opportunities. We are also creating new growth opportunities by expanding our customer base through new retail partnerships. Our new Canadian facility is on track, with operations expected to commence in early 2027.
Meanwhile, the recently announced NADEC joint venture, due to launch in the second half of 2026, extends our global reach into the Middle East, where we see exciting long-term growth potential.
I’m incredibly proud of our strong performance, with core retail meat volumes outpacing the market. The people at the heart of our business have been instrumental in driving our success.
In 2024, we delivered solid volume growth, up 4.4%, across all regions, maintaining strong momentum against all of our strategic priorities. This performance was driven by our core retail meat business – the foundation of our portfolio – which outperformed total market growth in every region. Our seafood operations made significant progress, delivering enhanced efficiency and profitability. These improvements are reflected in our financial results, with adjusted PBT increasing by 17.1% at constant currency and by 15.3% on a reported basis.
Strong financial performance in 2024 was supported by product improvement, premiumisation and new ranges.
